The results of Chartered Accountants Intermediate (IPC) & Intermediate (New) Examination were declared today by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants Intermediate (IPC) Examination held in November, 2018 I. Details of top three rank holders on All India Basis for Chartered Accountants Intermediate (IPC) Examination held in November, 2018 are mentioned […]
GSTN has made following updates to GST Portal in last week which includes- Portal will show list of Preferred Bankst while making Payment, restriction for applying refund on quarterly basis for quarterly GSTR 1 filers is removed, Auto approval of Appeals filed by Taxpayer or Tax Department, Release of API related to Assessment and adjudication, Removal of […]
GST RETURNS Goods and service tax is growing up fast as 1.5 years has already passed since its implementation. Even with the passing time, due to frequent amendments, there are still a lot of questions prevailing in the mind of the taxpayer with regard to the GST returns. Present article contains exhaustive details with regard […]
The announcement made by the Finance Minister (FM) of no tax liability for income upto Rs. 5 lakhs created euphoria initially. This most beneficial proposal in the budget evinced the maximum interest and as well as also created maximum amount of confusion in the minds of taxpayers till the dust settled down on the proposal […]
Article contains Amendments in GST Law from 01st February 2019, Proposal of 32nd GST council meeting, Budget Update, Important cases decided on GST, GST Compliance calendar for February 2019, Customs Changes for the month of February 2019, Important cases decided on Custom Law and Important cases decided on Central Excise & Service Tax. A. Amendments […]
GST- Interest liability U/ Sec. 50 of CGSTA/SGSTA on account of the delayed filing of GSTR-3B returns – Interest liable to be paid both on the cash and the ITC component of the tax paid after the due date prescribed – Recovery of such interest as clearly recoverable arrears
The Interim Finance Minister Shri Piyush Goyal Presented the interim budget on February 01, 2019 in Lok Sabha on which he told about the various amendments in Income Tax Act 1961 through Finance Bill 2019. The Main relief to individual taxpayers is Rebate u/s 87A of Income Tax Act which increased the limit of rebate […]
Finance Bill,2019 has proposed amendments to Standard deduction, Notional Income of two self-occupied property, Interest on capital borrowed for acquisition / construction of two self occupied House properties, Exemption under Section 54, Interest on capital borrowed for acquisition / construction of two self occupied House properties, Tax Rebate under Section 87A for Taxable Income up […]
BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY HAS A MAJOR SCHEME FOR FARMERS AND PROVIDES FOR INCOME TAX SOPS THIS INTERIM BUDGET IS TO BE VIEWED AS A MEDIUM FOR A PROGRESSIVE PATH FOR THE COUNTRY, THE FINANCE MINISTER SAYS SHRI PIYUSH GOYAL SAYS GOVERNMENT […]
Notification No. 02/2019 (Central Tax) to 06/2019 (Central Tax) have been notified giving effect to the changes approved by the GST Council in last meetings. Further, Provisions of the Central Goods and Services Tax (Amendment) Act, 2018 has also been made effective so far. Notifications wise analysis are discussed below:
